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Dried Fruits Market Set for Explosive Growth 5.2% CAGR (2022-2030)

04-24-2024 09:25 AM CET | Food & Beverage

Press release from: Acumen Research and Consulting

Dried Fruits Market Set for Explosive Growth 5.2% CAGR

Key Points and Statistics on the Dried Fruits Market:
● The global dried fruits market size is expected to grow significantly, reaching USD 10,321 Million by 2030.
● The market is driven by growing health consciousness and increasing consumer preference for clean label products.
● Raisins, as a product segment, are anticipated to see substantial growth due to their health benefits and versatility in various food products.
● The bakery products segment, under applications, is expected to hold a significant market share, attributed to the extensive use of dried fruits in bakery and confectionery items.

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Dried Fruits Market Overview and Analysis:
Dried fruits are becoming increasingly popular due to their health benefits and convenience. They are high in fiber, antioxidants, and various essential nutrients. The market is witnessing growth due to their expanding applications in dairy meals, confectionery, bakery products, cereals, snacks, and bars. Factors such as longer shelf life, ease of transportation, and storage convenience make dried fruits a preferred choice over fresh fruits in many scenarios. Moreover, the rising trend of on-the-go snacking and the growing popularity of dried fruits in various cuisines are further propelling the market growth.

Latest Trends and Innovations in the Dried Fruits Market
The dried fruits market is witnessing a number of innovations, as manufacturers look to find new ways to appeal to consumers. One trend is the incorporation of dried fruits in smoothies, snacks, cereals, and desserts. This is being driven by the growing popularity of healthy and convenient snacks. Dried fruits are a natural source of sweetness and nutrients, making them a healthy and nutritious addition to these products.
Another trend is the use of dried fruits in the chocolate industry. Raisins, in particular, are gaining popularity as a natural way to add flavor and nutritional value to chocolates. Dried fruits can also be used to create unique and flavorful chocolate bars.
These innovations are helping to drive growth in the dried fruits market. In addition to these trends, the market is also benefiting from favorable demographic and socioeconomic factors, such as urbanization, rising disposable income, and improved living standards.

Major Growth Drivers of the Dried Fruits Market
The dried fruits market is being driven by a number of factors, including:
● Rising health awareness and the benefits of dried fruit consumption. Dried fruits are a good source of fiber, vitamins, and minerals. They are also low in calories and fat.
● Increasing consumer preference for clean label and healthy food options. Consumers are increasingly looking for foods that are minimally processed and free of artificial ingredients. Dried fruits are a natural and wholesome option that meets these demands.
● Growing popularity of superfruit powders. Superfruit powders are made from dried fruits that are high in antioxidants and other nutrients. They are a convenient way to add extra nutrition to smoothies, yogurt, and other foods.
● Rising per capita incomes globally. As incomes rise, consumers are more likely to purchase healthy and nutritious foods, such as dried fruits.

Key Challenges Facing the Dried Fruits Industry
The dried fruits industry faces a number of challenges, including:
● High costs of dried fruits. Dried fruits are often more expensive than fresh fruits. This is due to the cost of drying the fruits, as well as the fact that dried fruits are typically sold in smaller packages.
● Stringent government regulations. Dried fruits are subject to a number of government regulations, which can increase the cost of production. These regulations are designed to ensure the safety of dried fruits for consumers.
● Lack of established supply networks in developing countries. Many developing countries have not yet established strong supply networks for dried fruits. This can make it difficult for manufacturers to obtain consistent supplies of high-quality dried fruits.
Despite these challenges, the dried fruits market is expected to continue to grow in the coming years. The market is expected to be driven by the rising health awareness of consumers, as well as the increasing popularity of clean label and healthy food options.

Market Segmentation Insights:

● By Product:
○ Dates
○ Apricots
○ Raisins
○ Figs
○ Berries
○ Others

● By Application:
○ Dairy Products
○ Confectioneries
○ Desserts
○ Bakery Products
○ Cereals
○ Snacks and Bars
○ Others

● By Distribution Channel:
○ Supermarkets & Hypermarkets
○ Online
○ Convenience Stores

Overview by Region of the Dried Fruits Market:
North America is expected to be a dominant market, driven by changing consumer lifestyles and preferences for healthier snacking options.

Dried Fruits Market Table of Content:

CHAPTER 1. Industry Overview of Dried Fruits Market
CHAPTER 2. Research Approach
CHAPTER 3. Market Dynamics And Competition Analysis
CHAPTER 4. Manufacturing Plant Analysis
CHAPTER 5. Dried Fruits Market Revenue By Product
CHAPTER 6. Dried Fruits Market Revenue By Application
CHAPTER 7. Dried Fruits Market Revenue By Distribution Channel
CHAPTER 8. North America Dried Fruits Market By Country
CHAPTER 9. Europe Dried Fruits Market By Country
CHAPTER 10. Asia-Pacific Dried Fruits Market By Country
CHAPTER 11. Latin America Dried Fruits Market By Country
CHAPTER 12. Middle East & Africa Dried Fruits Market By Country
CHAPTER 13. Player Analysis Of Dried Fruits Market
CHAPTER 14. Company Profile

List of Key Players in the Global Market:
The market includes key players such as Angus Park Fruit Company Ptv Ltd, Manassen Foods Australia Ptv Ltd., National Raisin Company, Ocean Spray Cranberries, Inc., Sunsweet Growers, Inc., and others.

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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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